Previous close | 30.42 |
Open | 28.69 |
Bid | 29.18 |
Ask | 29.49 |
Strike | 315.00 |
Expiry date | 2023-12-15 |
Day's range | 27.88 - 28.69 |
Contract range | N/A |
Volume | |
Open interest | 12.19k |
The current environment in the banking industry has left a lot of investors concerned and confused. Bank stocks generally do well when interest rates are rising, particularly when the economy is not in a recession. In recent weeks, three banks -- SVB Financial's Silicon Valley Bank, Signature Bank, and Silvergate Capital -- have failed or collapsed.
The market may have some answers post-Fed decision, but things are still on edge.
Year-over-year CPI, or the "inflation Rate," came in at +6.0%, just as expected, and 40 bps lower than January.